Economy

Markets

Industries

Insights

Reports

Events

China's Baidu says Q2 profit up 53%

(Xinhua)
Updated: 2009-07-25 10:56

Baidu.com, China's search engine portal, said Friday its second quarter profit surged 53 percent year-on-year to 422.8 million yuan ($62.18 million) back by active online marketing.

Related readings:  Baidu to post high growth rate for years  Baidu eyes 3G wireless Internet technology  China's search engine users soar to 203 million  Baidu profit doubles in 2008

Its sales reveune hit 1.1 billion yuan in the same period, up 36.7 percent year-on-year, the company said after it provided online marketing service to 203,000 customers, up 12.2 percent from a year ago.

The profit increase is driven by continuous techonology improvements to meet customer's varied demands, said Robin Li, the chief executive officer of the company.

The Beijing-based company expected the third-quarter profit will grow by 15 perent to 18 percent from the second quarter.

China has the world's biggest population of Internet users, with 338 million people online by the end of June.